Despite having exceeded certain levels and the trend in the previous rounds has turned positive, yesterday we wrote in this section: “the rise of the last few days has not yet fully convinced us and therefore we will wait for further confirmations or denials from what will happen tomorrow. ” This means that the trend must be followed, but without euphoria or fears but with great ataraxia, also taking into account that this bullish signal may be false and immediately leave room for new declines.
Today, the Thursday effect led to a retracement. What will happen from tomorrow onwards? Now we are going to see the levels that will lead the stock markets to new highs or new declines but let’s proceed step by step.
At 4:47 pm on August 26th we read the following prices:
Dax Future
15.793
Eurostoxx Future
4.164
Ftse Mib Future
25.880
S&P 500 Index
Our annual forecasts have entered a bearish phase but the rates are still on the upside
In red, our annual forecast on the world stock index on a weekly scale for 2021.
In blue the chart of the American markets up to 20 August.
These are key moments for the trend until the next setup on October 5th.
Forecast for the week of August 23
The weekly low was expected between Monday and Tuesday and then left room for a rise until Friday. As of today, this scenario is starting to creak and tomorrow it could go down further.
The levels that will lead the stock markets to new highs or new falls
Dax Future
Bullish trend in progress. Short bearish reversal with daily close on August 27 below 15,790.
Eurostoxx Future
Bullish trend in progress. Short bearish reversal with daily close on August 27 below 4.152.
Ftse Mib Future
Bullish trend in progress. Short bearish reversal with daily close on August 27 below 25,880.
S&P 500 Index
Bullish trend in progress. Short bearish reversal with daily close on August 27 below 4.450.
What trading operations to keep for Friday?
Long on the analyzed indices, but the probabilities that this is a false signal and that a new bearish phase may begin has become even higher. Tomorrow, confirmations or denials.
As usual, we will proceed step by step.
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